Empirical Research On The Correlation Between Corporate Social Responsibility Disclosure And Corporate Executives' Characteristics

Since the late twentieth Century,people have paid more and more attention on corporate social responsibility.People are not only concerned about the economic goals of the enterprise,but also about other corporate social responsibility related to the shareholders,employees,consumers,communities,customers,government and so on.Both the public and the government are trying to advocate and promote the performance and disclosure of corporate social responsibility from different angles and positions.Due to the requirements of the Commission and other regulatory agencies,there have been more and more companies to disclose social responsibility information in recent years.However,the level of corporate social responsibility disclosure is still insufficient,and is at a low stage of development.Most enterprises still need to establish an effective and comprehensive social responsibility disclosure mechanism.At present,the quality of corporate social responsibility disclosure have not satisfied the public expectations,and corporate executives are likely to be a breakthrough point.Strategic leadership theory tells us that the corporate executives are the main decision-makers of enterprise behavior,they can affect or change the company's attitudes,beliefs and behavior.Therefore,the corporate executives also have a significant impact on corporate social responsibility disclosure.This paper first reviews the theoretical basis and literature of corporate social responsibility disclosure and corporate executives' characteristics.Based on the theory of stakeholders,"three line" theory and strategic leadership theory,this paper put forward that there is a correlation between top management team characteristics and corporate social responsibility disclosure,and then build the theoretical model and the research design.This paper takes 302 listed companies as the samples which released their corporate social responsibility report in 2013,2014 and 2015,and carried out an empirical study between corporate social responsibility disclosure and corporate executives' characteristics.In the process of empirical analysis,this paper divides the corporate social responsibility disclosure in accordance with stakeholders.After studying the corporate economic responsibility disclosure and corporate executives' characteristics,we found that the two are not related,thus the economic responsibility is eliminated from the overall corporate social responsibility disclosure in the following study to make the results more accurate and reliable.The empirical results show that: Corporate social responsibility disclosure is significantly positively related to the size of the executives,the political,internationally and academic level of the corporate executives.Finally,according to the results of empirical research,this paper puts forward some suggestions for further improvement of corporate social responsibility disclosure both from the perspectives of enterprise and government.